The biggest mover on the weekly Global Precious Metals MMI® was Japanese palladium bar, which saw a 6 percent increase.
The price of US palladium bar rose 5.3 percent after falling 0.5 percent during the previous week. The price of Chinese palladium bar rose 2.1 percent over the past week. This was the third week in a row of increasing prices.
Japanese platinum bar rose 2.2 percent over the past week. The price of Chinese platinum bar fell 0.6 percent after rising 0.9 percent the week before. Closing out the third week of rising prices, the price of US platinum bar increased by 0.6 percent.
The price of Japanese gold bullion increased by a slight 1.5 percent over the past week. Following a 3.1 percent increase in the week prior, the price of Chinese gold bullion fell 0.6 percent last week. The price of Indian gold bullion fell 0.5 percent after rising 4 percent the week before. The week finished with no movement for US gold bullion.
The price of Japanese silver rose 2.2 percent this week. The price of US silver finished 2.1 percent higher. Following a 6.1 percent increase in the week prior, the price of Indian silver fell 0.3 percent last week. The price of Chinese silver fell 0.2 percent after rising 3.6 percent the week before.
The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.